South Melbourne, VIC 3205
Compare Part of Port Phillip
1.88 km
Distance from Melbourne CBD
11 k
Population
Auction Times
Thu 22 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 57 Emerald Hill 2 1 2 House | 12:30 PM Thu 22nd Apr | Dixon Kestles |
Sat 24 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 3/66 Montague Street 2 2 1 Apartment | 12:00 PM Sat 24th Apr | Buxton |
 | 52 Iffla Street 2 1 0 House | 1:00 PM Sat 24th Apr | Cayzer Real Estate |
 | 22D Napier Street 2 2 1 Apartment | 1:30 PM Sat 24th Apr | Buxton |
Sat 1 May | Auction Time | Agency | |
|---|---|---|---|
 | 363 Dorcas Street 2 1 0 House | 10:00 AM Sat 1st May | Hocking Stuart |
 | 67 Napier Street 3 2 1 House | 12:30 PM Sat 1st May | Marshall White |
 | 5/284 Dorcas Street 2 2 1 Apartment | 1:30 PM Sat 1st May | Marshall White |
 | 506/22 Dorcas Street 1 1 1 Apartment | 1:30 PM Sat 1st May | Besser & Co. Estate Agents |
 | 49 Church Street 4 2 1 House | 2:30 PM Sat 1st May | Greg Hocking Real Estate |
 | 73/39 Dorcas Street 3 2 2 Apartment | 2:30 PM Sat 1st May | WHITEFOX Pty Ltd |
Median Sale Price
House
$1.5M
Updated on Feb 2021
2 BR $1.17M | 3 BR $1.6M | 4 BR $2.44M |
Unit
$580K
Updated on Feb 2021
1 BR $435K | 2 BR $626K | 3 BR $850K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $970,000 | 0.0% | $441,500 | $4,710,000 | 107 |
| 2010 | $990,000 | +2.0% | $460,000 | $3,250,000 | 119 |
| 2011 | $955,000 | -3.7% | $435,000 | $6,250,000 | 89 |
| 2012 | $935,000 | -2.1% | $310,000 | $2,350,000 | 108 |
| 2013 | $1,020,000 | +8.3% | $386,000 | $4,525,000 | 142 |
| 2014 | $1,256,000 | +18.8% | $611,000 | $4,540,000 | 105 |
| 2015 | $1,315,000 | +4.5% | $750,000 | $4,500,000 | 67 |
| 2016 | $1,610,000 | +18.3% | $400,000 | $5,300,000 | 75 |
| 2017 | $1,600,000 | -0.6% | $807,500 | $4,600,000 | 100 |
| 2018 | $1,470,000 | -8.8% | $865,000 | $3,776,000 | 63 |
| 2019 | $1,325,000 | -10.9% | $820,000 | $3,250,000 | 85 |
| 2020 | $1,625,000 | +18.5% | $984,000 | $5,375,000 | 86 |
| 2021 | $1,675,000 | +3.0% | $610,000 | $3,380,000 | 37 |
Median Sale Price
$1.66M
Based on 99 recorded sales within the last 12 months
Updated on 18 Apr 2021
Suburb Growth
+9.6%
Current Median Price: $1,660,000
Previous Median Price: $1,500,000
Based on 182 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2021)
Price Range Segments (12 months ending Mar 2021)
Median Weekly Rent Price
House
$620
Updated on Mar 2021
2 BR $550 | 3 BR $760 | 4 BR $995 |
Unit
$420
Updated on Mar 2021
1 BR $370 | 2 BR $470 | 3 BR $788 | 4 BR $845 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $520 | 0.0% | $260 | $1,660 | 126 |
| 2012 | $600 | +13.3% | $300 | $1,900 | 144 |
| 2013 | $600 | 0.0% | $350 | $1,700 | 149 |
| 2014 | $625 | +4.0% | $375 | $2,200 | 135 |
| 2015 | $610 | -2.5% | $300 | $2,750 | 205 |
| 2016 | $650 | +6.2% | $350 | $2,500 | 199 |
| 2017 | $650 | 0.0% | $330 | $2,200 | 182 |
| 2018 | $675 | +3.7% | $350 | $1,900 | 203 |
| 2019 | $690 | +2.2% | $350 | $3,000 | 185 |
| 2020 | $650 | -6.2% | $320 | $1,800 | 218 |
| 2021 | $650 | 0.0% | $260 | $2,000 | 50 |
Median Rent Price
$640
per week
Based on 214 recorded rent within the last 12 months
Updated on 18 Apr 2021
Rent Price Growth
-10.9%
Current Median Rent: $640
Previous Median Rent: $710
Based on 409 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,660,000
Current Median rent: $640
Based on 313 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2021)
Auction Results For South Melbourne
Houses sold in Last 12 months ends 17 Apr 2021
$1.48M
Median Sale Price
84%
Clearance Rate
51/61
Sold/Reported
$3.38M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 2 | |
| $2 M - $3 M | 5 | |
| $1.8 M - $2 M | 3 | |
| $1.6 M - $1.8 M | 4 | |
| $1.4 M - $1.6 M (Median Price Range) | 4 | |
| $1.2 M - $1.4 M | 8 | |
| $1 M - $1.2 M | 4 | |
| $600 K - $800 K | 1 | |
Similar Suburbs to South Melbourne 3205
Based on median house sale price sold in last 12 months
Schools closest to South Melbourne, VIC 3205
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Victorian College Of The Arts Secondary SchoolTop 50 | 57 MILES STREETSouthbank 3006 | Secondary | Government | 0.53 km |
| Galilee Regional Catholic Primary School | MONTAGUE STREET & BANK STREETSouth Melbourne 3205 | Primary | Catholic | 0.8 km |
| Eltham College of Education City CampusTop 100 | Melbourne 3000 | Combined | Independent | 1.48 km |
| Albert Park Primary School | BRIDPORT STREETAlbert Park 3206 | Primary | Government | 1.43 km |
| MacRobertson Girls High SchoolTop 5 | 350-370 KINGS WAYMelbourne 3004 | Secondary | Government | 1.3 km |
| Melbourne Grammar School | DOMAIN ROADMelbourne 3004 | Combined | Independent | 1.34 km |
| Middle Park Primary School | 194 RICHARDSON STREETMiddle Park 3206 | Primary | Government | 1.99 km |
| Albert Park College | 83 DANKS STREETAlbert Park 3206 | Secondary | Government | 1.91 km |